Answer the following statements true (T) or false (F)
1. A profit-maximizing firm will use an input up to the point where the cost of the input equals
the marginal revenue received by the firm
2. Marginal cost is the additional cost created by the next, or marginal unit of the variable input.
3. In the graph below, all four sizes if firms would incur an operating loss if the price in the market
fell from P to PLR.
1. FALSE
2. TRUE
3. FALSE
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The owner is required to provide payment bond to the GC whose bid has been accepted
A) at the time of executing the owner-GC agreement. B) when the owner gives the notice to GC to proceed with the work. C) when the GC provides performance bond to the owner. D) within one week of the GC commencing construction. E) none of the above.
Add the signed numbers as indicated: -22.42 + (-1.3) + 19.5 + 0.34 + (-13.89)
Fill in the blank(s) with the appropriate word(s).
The lifting capacity of a vacuum gripper is limited to 14.7 pounds because that is the value of atmospheric pressure when a vacuum in created
Indicate whether the statement is true or false
To maintain a desired V/Hz ratio when increasing the speed of a motor, the AC drive must __________.
A. increase its output frequency B. increase its voltage C. both a and b